NEW DELHI: Dalal Street cheered exit poll outcome that signalled an easy win for the BJP in both Gujarat and Himachal Pradesh assembly elections, thus helping the benchmark indices gain big on Friday.
The broader Nifty50 index of NSE added 81 points or 0.79 per cent to settle the session at 10,333 with 33 constituents in the green and 17 in the red.
Here's a look at the top stocks and sectors that hogged limelight in today's trade.
HDFC Bank hits record high
Shares of HDFC Bank surged as much as 2.7 per cent to a record high of Rs 1,888 on reports that the bank might consider a fund-raising proposal by selling shares through QIP (qualified institutional placement) or ADRs (American Depository Receipts), among others. India's largest private sector lender by assets is also considering a preferential issue to parent Housing Development Finance Corp, according to a report in Reuters. The stock settled at Rs 1,873.05 apiece, up 2 per cent on BSE.
Shalby makes a tepid debut
Shares of multi-specialty hospital chain Shalby, which recently concluded its Rs 504-crore initial public offering, listed at a discount of 3.35 per cent at Rs 239.70 on NSE against the issue price of Rs 248. On BSE, the shares got listed at Rs 237. The scrip settled at Rs 239.25, down 3.53 per cent to its issue price.
The initial public offering (IPO) of Astron Paper & Board Mills got subscribed 77 per cent so far on the first day of the share sale on Friday. As of 4pm, the public offer received bids for 1,07,17,560 shares against the total issue size of 1,40,00,000 shares, according to NSE data. The IPO will close on December 20.
Metal stocks make a killing
Shares of the metal companies were on fire that saw Nifty Metal index gain 2.66 per cent or 95 points to settle at 3,666 with 13 out of 15 constituents ending in the green and two in the red. Vedanta (up 5 per cent) was the top gainer on the pack, followed by JSW Steel (up 3.65 per cent) and MOIL (3.41 per cent).
The solitary loser
PSU bank stocks were the only losers in the trade. The Nifty PSU Bank index lost 7 points or 0.20 per cent to settle the session at 3,735 with 8 out of 12 constituents ending in the green.
YES Bank climbs 4%
Shares of private lender YES Bank settled 4 per cent higher at Rs 316 on BSE. The stock will be included in Sensex from Monday. Another lender IndusInd Bank will also be promoted to the headline index. Shares of the bank settled at Rs 1680.95 apiece on BSE, up 2 per cent.
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